75% Corporates in India are NOT disaster ready CBRE Survey

-       93% respondents acknowledged that Disaster affects business performance & continuity

-       87% respondents acknowledged the role of the construction industry in disaster planning, preparedness and mitigation

CBRE RECOMMENDATIONS • Increase Public Private Partnership • More collaboration and an integrated approach needed • Building more resilient infrastructure • Training & capacity building • Promote R&D in this domain • Upgrade Building Codes • Higher Level of ownership and accountability • Proactive measurement and mitigation methods

 ​New Delhi, December 8, 2016 –  CBRE South Asia Pvt. Ltd, one of India’s leading real estate consulting firms, today announced the findings of its survey on “Disaster Preparedness amongst India Corporates” . The survey which included over 100 top corporates in the country and over 350 respondents was conducted by the Project Management group of CBRE. The survey was conducted to increase awareness about disasters, to re-iterate the importance of proactive planning for disaster management and arrive at an industry wide an approach for the same.

Commenting on the findings of the survey, Mr. Anshuman Magazine, Chairman –India & South East Asia, CBRE said, “India's average annual economic loss due to disasters is estimated to be $9.8 billion according to a UN global assessment report on disaster risk. This includes more than $7 billion loss on account of floods. India is a disaster prone country, with 85% of Indian land vulnerable to one or more natural hazards, making it is critical to have plan and gauge an organizations’ readiness to deal with such a situation.”

75% Corporates in India are NOT disaster ready CBRE Survey

“Integrated and comprehensive approach is necessary to improve the safety of buildings from disasters, thus we strongly advocate  an increased  private enterprises' engagement with government agencies in disaster risk reduction activities” he added.

According to Gurjot Bhatia, Managing Director-Project Management, CBRE India Pvt. Ltd, “Unprecedented rate of urban growth, increasing dependence on complex technical systems, combined with climate change predictions, have increased the disaster uncertainty even more. The objective of this study, thus, is towards developing a holistic approach for disaster preparedness, sustainability and safety, along with establishing the role to be played by various stakeholders involved.”  

Some of the findings are captured below:

·         96% agree that majority of losses from a disaster occur as a direct result of damage to the built environment, lack of foresight and planning.

·         97% agree that an integrated and comprehensive approach is necessary to improve the safety of buildings from disasters. 

·         73% feel reviews do not acknowledge disasters

·         Only 21% attempt to include hazard mitigation measures in projects

·         97% agree Periodic audits should made mandatory for all buildings w.r.t  codal provisions & compliances with a quarterly frequency   

An integrated and comprehensive approach is necessary to improve the safety of buildings from disasters. Similarly the survey also established that periodic audits need to be made mandatory for all buildings w.r.t codal provisions & compliances with a quarterly frequency   


Neither CBRE nor its affiliated companies make any warranties or claims on the implied accuracy of the information contained herein. 

About CBRE Group, Inc.

CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2015 revenue). The company has more than 70,000 employees (excluding affiliates), and serves real estate investors and occupiers through more than 400 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.​​​​​​